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US economy News

15 Sep 2024

Global Financial Markets Eye US Monetary Policy Next Week For Fresh Cues

Investors across financial markets, including in India, will look for fresh cues from the outcomes of the upcoming US monetary policy review meeting next week, particularly the extent of interest rate cut, if any. The US Federal Reserve's next meeting is scheduled for September 17-18, 2024. US Federal Reserve Chair Jerome Powell recently indicated that it was time for the US central bank to reduce interest rates as inflation rates aligned with its target.

05 Apr 2024

Nifty Gains For Third Consecutive Week

Nifty recovered from early morning weakness and closed flat on Friday. At close, the Nifty was down 0.9 points at 22513.7.

27 Jan 2022

US economy grew 5.7% in 2021 in a rebound from the 2020 recession

The Federal Reserve made clear Wednesday that it plans to raise interest rates multiple times this year. This will help it in battling the hottest inflation in nearly four decades. Those rate increases will make borrowing more expensive and perhaps slow the economy this year.

20 Oct 2020

Next year will be the greatest economic year in US history, says Donald Trump

Donald Trump said this while he was addressing an election rally in Arizona ahead of the November 3 polls.

07 Aug 2020

US job growth decelerates in July, casts shadow on pace of economic recovery

US job growth has decelerated in July casting a shadow on the pace of economic recovery The jobs recovery is on very shaky ground, says Chris Rupkey, chief economist at MUFG in New York Nonfarm payrolls increased by 1.763 million jobs last month after a record rise of 4.791 million in June At least 31.3 million people received unemployment checks in mid-July

20 Apr 2020

Gold falls on firm dollar, US economy re-open hopes

As the dollar firmed and as investors remained optimistic that the US economy might reopen soon from lockdowns that were enforced to contain the novel coronavirus spread.

17 Apr 2020

Gold rally loses steam on Donald Trump's plan to reopen US economy

Spot gold was down 1.4% at $1,693.20 an ounce by 0912 GMT, having this week scaled a seven-year peak on heightened worries over the worst recession in decades.

29 Jan 2019

US economy lost $11 billion during 35 day shutdown

US economy expects $8 billion to be recovered as the government reopens and employees receive back pay.

09 Nov 2018

Fed holds interest rates steady, says economy remains on track

Policymakers, however, noted that business investment had "moderated from its rapid pace earlier in the year," a possible drag on future economic growth.

US Federal Reserve

27 Sep 2018

US Fed raises interest rates, sees at least three more years of growth

The US central bank still foresees another rate hike in December, three more next year, and one increase in 2020.

19 Jul 2018

Rupee slips 43 paisa to end at life-time low of 69.05 against dollar

This is the biggest single-day fall since May 29 and goes hand in hand with a stronger US dollar.

Federal Reserve

21 Mar 2018

US Fed raises key interest rate amid stronger growth outlook

The Federal Reserve raised interest rates on Wednesday.

19 Mar 2018

Forty five US trade groups urge Trump to avoid tariffs against China

The groups called on Trump to work with trade allies to push for changes to China`s policies.

30 Jan 2018

US economy better than ever, unemployment nearing record low: Donald Trump

Donald Trump took to Twitter to say that the US economy is in good shape.

24 Dec 2017

Is US eyeing another recession? Economists hint at stormy weather ahead

The US economy may be basking in the warm glow of solid growth, but economists are nervously eyeing a trend in the bond market that could spell stormy weather ahead.

29 Nov 2017

US third quarter growth fastest in three years at 3.3%

The six months from April to October saw the fastest economic expansion since the same period in 2014, when GDP grew by an average of 4.9 percent.

US services sector

04 Oct 2017

US services growth hits 12-year record in September

Growth in the US services sector, a key driver of the American economy, hit a 12-year high last month in the wake of back-to-back hurricanes, a survey released on Wednesday showed.

US economic growth

28 Sep 2017

US economic growth revised up to 3.1 percent rate in Q2

It is the strongest performance since the economy grew at a 3.2 per cent pace in the first quarter of 2015. The upward revision reflected larger farm stockpiles.

30 Jun 2017

Climate change to damage US economy, increase inequality

The study is the first of its kind to price warming using data and evidence accumulated by the research community over decades.

20 Jun 2017

Asia shares near two-year high as US hi-tech rebound boosts mood

Japan`s Nikkei rose more than 1 percent to a near two-year high on Tuesday, encouraged by rebound in U.S. hi-tech shares as investors bet on solid growth in the economy and corporate profits globally.

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